Amarillo Area Association of Life Underwriters (Naifa Amarillo Area)
Nonprofit profile at a glance
- EIN
- 756035767
- IRS 990-EZ coverage
- 2014–2017
- Forms available
- Form 990-EZ 2017
- Location
- Amarillo, TX, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Insurance Providers
Reported finances
- Revenue
- $25,223
- Expenses
- $23,330
- Assets
- $11,570
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARK WARREN (PRESIDENT)
People named in this filing
- LINDSAY GOMEZ (EXECUTIVE DI)
- MARK WARREN (PRESIDENT)
- KIRK HAWORTH (SECRETARY/TR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prepare members to face an ever changing environment in the areas of insurance and financial planning and to give them tools to better serve their clients in the face of continuously shifting rules and changing products.
What it reported doing in 2017
Naifa amarillo is a the amarillo area chapter of the national association of insurance and financial advisors. Naifa amarillo holds membership meetings, conferences and training for members to enhance business and professional skills and promote the ethical conduct of its members.
Operating model
- Revenue model
- Membership-supported. 73% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.5%; rating input score 93
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 30.9%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -0.5% per year; rating input score 0; 48th percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 92.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2014 to 2017
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.